Consumer price inflation at 9.90% y-o-y in November: Govt

NEW DELHI: Retail inflation rose marginally in November almost reaching double digits, as a number of food items became expensive, dimming hopes of rate cut in the RBI's monetary policy review next week.

The consumer price index (CPI) rose 9.9% in November from a year ago, marginally higher than the 9.75% clocked the previous month, data released by Central Statistics Office on Wednesday showed.

"The CPI rise is as expected, due to higher food prices and sticky non-food inflation. Inflation, therefore, remains a concern," Nomura economist Sonal Verma said in a note.

Rural and urban consumer retail inflation was 9.97% and 9.69%, respectively, in November as compared to 9.9% and 9.46%, respectively, the previous month. Core inflation, retail inflation stripped of volatile fuel and food components, dropped to 8.1% in November from 8.24% in October, suggesting some moderation in the case of manufactured products.